U.S. Housing Market
Freddie Mac’s Christmas Gift: Mortgage Rates Continue to Decline
The 30-year fixed-rate mortgage averaged 6.18% as of Dec. 24, down from last week when it averaged 6.21%. Continue Reading Freddie Mac’s Christmas Gift: Mortgage Rates Continue to Decline
Alabama Recorded Increase in Home Sales During November
The median sales price in Alabama grew by $39,275 year-over-year to $251,784, an 18.5% annual increase but a 0.6% drop month-over-month. Continue Reading Alabama Recorded Increase in Home Sales During November
Mortgage Rates Continue to Fall
“As rates continue to drop, the number of homeowners who have the opportunity to refinance is expanding,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Continue to Fall
California Leads Nation with Most Q2 At-Risk Housing Markets
In 19% (111) of the 579 counties with sufficient data to analyze, residents needed to spend at least half of their annualized wages to purchase and maintain a home in the second quarter. Continue Reading California Leads Nation with Most Q2 At-Risk Housing Markets
Maryland Gov. Moore Signs Executive Order for Boosting Housing Production
The governor established an annual Maryland Housing Leadership Awards to recognize jurisdictions that make progress on their housing development goals. The Continue Reading Maryland Gov. Moore Signs Executive Order for Boosting Housing Production
Redfin: Home Prices Up for First Time in Nearly Five Months
The median home sale price of $383,750 was only $2,500 below record high from June 2022. Continue Reading Redfin: Home Prices Up for First Time in Nearly Five Months
Foreclosure Activity Increased in First Half of 2023
The first half of the year saw a recorded total of 185,580 U.S. properties with foreclosure filings, according to new data from ATTOM. This represents a 13% year-over-year increase. Nationwide, 0.13% of all housing units (one in every 752) had a foreclosure filing in...
UnlistedHomes.com Debuts ChatGPT-Backed Home Search Engine
CEO Katie Hill said her company was “to offer ChatGPT-enabled home search.” Continue Reading UnlistedHomes.com Debuts ChatGPT-Backed Home Search Engine
New Program Seeks to Convert Boston Office Properties into Multifamily Housing
“One building could potentially create hundreds of new housing units that could include a lot of affordable units,” Wu said. Continue Reading New Program Seeks to Convert Boston Office Properties into Multifamily Housing
U.S. Bank Debuts Product to Expand Minority Homeownership Access
U.S. Bank has committed $100 million over the next five years to the Access Home Loan program. Continue Reading U.S. Bank Debuts Product to Expand Minority Homeownership Access
Stephen Sondheim’s Manhattan Townhome Listed for $7 Million
The property was built in 1899 and served as Sondheim’s home since 1959. Continue Reading Stephen Sondheim’s Manhattan Townhome Listed for $7 Million
MBA: Mortgage Application Activity Up Slightly
The MBA also reported a scant 0.1% rise in its Mortgage Credit Availability Index for June, to a level of 96.6. Continue Reading MBA: Mortgage Application Activity Up Slightly
Zillow: Home Values at New Record High
Housing inventory was up 2.4% from May to June but was 28% lower on a year-over-year measurement. Continue Reading Zillow: Home Values at New Record High
CrossCountry Mortgage Creates New SVP Position Focused on Affordable Homeownership
Separately, CCM’s promoted Glen Lemeshev to chief revenue officer. Continue Reading CrossCountry Mortgage Creates New SVP Position Focused on Affordable Homeownership
The Best and Worst Cities for Rental Housing Are…
Cheyenne, Wyoming, has the lowest median annual gross rent divided by median annual household income at 15.39%. Continue Reading The Best and Worst Cities for Rental Housing Are…
